Bavarian media mogul Leo Kirch has never publicly revealed financial information about his closely-held film and television empire. But a German newspaper claimed to have uncovered aninternal company report detailing recent sales figures of the Kirch Group.
According to German daily “Suddeutsche Zeitung,” turnover of Kirch’s key holdings tripled from 455 million marks ($ 303 million) in 1993 to 1.43 billion marks ($ 953 million) in 1995. This figure reflects the activity of Kirch’s major TV and film trading and production companies, but does not include Leo and son Thomas Kirch’s shares in commercial webs SAT1, Pro Sieben, DSF, Kabel 1 and Premiere.
The paper also said that Kirch’s extensive film library is valued at 1.3 billion marks ($ 867 million), but that the actual worth is considerably higher.
No information was available about the profitability of the group.
Kirch’s ongoing expenditures for programming have, said the daily, risen gradually from 495 million marks ($ 330 million) in 1994 to 570 million marks ($ 380 million) in 1996.